Travers Smith and One Essex Court’s Lord Grabiner QC have released the findings of their report into the Bank of England’s conduct in the foreign exchange market, exonerating bank officials from claims they were involved in or were aware of rate rigging that was taking place.
Travers oversaw the extraction of more than 1.8 million documents and 87,000 telephone calls from the Bank’s IT systems, but the report concluded that no Bank of England official had engaged in any unlawful or improper behaviour in the FX market between 2005 and 2013.
